Alibaba applies for blockchain domain patent | Crypto News Monitor

This text was initially posted on The Bitcoin Information – a trusted web site masking quite a few matters associated to Bitcoin since 2012.

Chinese language on-line retailer Alibaba filed a patent utility on 15 August entitled “Area Identify Administration Scheme for Cross-Chain Interactions in Blockchain Techniques”. Alibaba plans to make use of a blockchain system that makes use of a “Unified Blockchain Area Identify” (UBCDN) to establish and share info.

The system ought to generate a UBCDN message containing a blockchain area identify and a series identifier. The area identify and the chain identifier are linked. As well as, the UBCDN message ought to include a UBCDN of the blockchain occasion, a digital signature of the UBCDN proprietor of the blockchain occasion and a UBCDN certificates.

It additionally states within the Alibaba patent utility that the system serves as a medium for managing domains within the interplay of assorted blockchain programs. As well as, the system consists of an identifier or label that helps customers attain the suitable blockchain occasion. Thus block chain operators can choose the blockchain area identify in keeping with their firm identify. This permits customers to deduce the corresponding identifiers and promotes the usage of the blockchain.

As well as, the UBCDN might embrace a human readable identifier or label that helps customers to simply bear in mind and attain a blockchain occasion, thus selling the inheritance or use of the blockchain occasion.

In contrast to present cross-chain implementations reminiscent of COSMOS, the place every blockchain is assigned an ID identifier throughout the relay community, the ID identifier can solely cowl an area extent and can’t be reused in different relay networks. The UBCDN can be utilized within the described area naming scheme and is globally identifiable by all blockchain situations within the “Unified Blockchain Community”.